Motorcycle Helmets Market Expected To Reach Us$ 3,516.5 Mn By 2027

-
According to a new market report published by Transparency Market Research titled “Motorcycle Helmets Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027,” the global motorcycle helmets market is expected to reach a value of US$ 3,516.5 Mn by 2027. In terms of value, the market is estimated to expand at a CAGR of 5.0% during the forecast period from 2019 to 2027. In terms of volume, the market stood at around 17,997.0 thousand units in 2017. The Asia Pacific motorcycle helmets market is expected to witness the highest growth during the forecast period both in terms of value (US$ Mn) and volume (Units).  The market witnessed considerable growth in the Asia Pacific region because of increasing demand for motorcycles in India, Japan, and China.
The motorcycle helmets market is influenced by market dynamics with driving factors such as increase in sale of two wheelers across the world and enforcement of traffic laws & road safety regulations. In terms of product, the full face helmet segment is anticipated to gain the largest share with total value of US$ 1,996.6 Mn by 2027 at a CAGR of 5.3% annually. However, lack of awareness about road safety in emerging economies and increase in usage of helmets manufactured by the unorganized sector are the major challenges restraining the growth of the market. Nevertheless, the market is anticipated to grow due to factors such as increasing demand for luxury motorbikes across the globe and rising popularity of motorcycle racing events & championships. 
motorcycle helmets market
In 2017, based on product, the full face helmet segment accounted for market value of about US$ 1,231.9 Mn in the global motorcycle helmets market. Full face helmets are the most widely used by consumers across the world as full face helmets offer greater protection. By price points, the medium price (US $50 – US $200) segment accounted for a relatively large market share in terms of value, as traffic laws and motorcycle helmet laws are not very strict in developing countries. Individuals are not ready to spend heavy amounts on purchasing expensive helmets. The medium price (US $50 – US $200) segment is anticipated to reach US$ 1,330.8 Mn at a CAGR of 4.8% by 2027. In terms of application, the on-road segment is anticipated to reach US$ 3,309.0 Mn at a CAGR of 5.1% by 2027. On the basis of application, the on-road segment is expected to dominate the market in the near future.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more